Heise Says
#construction #recession #heisesays
The construction apocalypse continues as a Victorian construction company is on the brink of collapse.
Twitch
https://www.twitch.tv/heisesays
Check out HeiseSays International
https://www.youtube.com/channel/UCojfY2lvCR0AQBsCkl4QURg
📝 Become a HeiseSays Member
https://www.youtube.com/channel/UCe9Q_WLN-Z9tLVLoDIY24pg/join
🎙My Kit
Rodes Podcaster – https://amzn.to/2IfOEVV
Logitech C920 HD Webcam – https://amzn.to/2Kh6UR5
Rode PSA1 Swivel Mount – https://amzn.to/2WI2DNl
Rode WS2 Microphone Windshield – https://amzn.to/2K9edI1
Stream Deck – https://amzn.to/364HDjO
Drawing Screen XP-PEN https://amzn.to/3wuuO05
Alternative Media Channels
Lbry – https://lbry.tv/@HeiseSays
Goldpass Email: (Donate Gold)
florian.heise@heise.com.au
Buy HeiseSays Merch
https://says.heise.com.au/shop/
🟠 Referral Links 🟠
Amazon Australia Link – https://amzn.to/2KHmtiv
AussieBroadband Referral Code – 1826841
Independent Reserve Referral Link
https://www.independentreserve.com/invite/SSEFMM
eBay Affiliate Link
https://rover.ebay.com/rover/1/705-53470-19255-0/1?mpre=https%3A%2F%2Fwww.ebay.com.au%2F&campid=5338609762&toolid=20008
📬 Postage
PO Box 3404 Sunnybank South QLD 4109
Read More:
Why Buildings Stand Up
https://amzn.to/2stNb5O
Why Buildings Fall Down Why Structures Fail
https://amzn.to/2RqpREZ
Great Streets
https://amzn.to/2YsORy0
A Pattern Language
https://amzn.to/2K7qA7B
Donate and support my content
Patreon – https://www.patreon.com/HeiseSays
PayPal – https://www.paypal.me/fheise
Social Media
Discord – https://discord.gg/uj9Y4sy
Facebook – https://fb.me/Heisesays
Twitter – https://twitter.com/FlorianHeiseAus
Heise Architecture
Our Architectural Practice.
http://www.heise.com.au/
Point Clouds Australia
Our Point Cloud Scanning and Equipment Hire business.
http://pca.heise.com.au/
Thousands more will file bankruptcy. Always predictable with phases of increasing interest rates. The very low unemployment rate will rise gradually now for some time.
Speaking of Covid? Has anyone seen the ol Rona?
Labor gets in & it just disappears 🤷♂️🤦♂️🤨
$10,000 deposit!!🤦♂️
You will be saying hundreds of thousands by Xmas!
Nobody should be surprised by this.
Primary contractors are the biggest shark in the backyard swimming pool. Bankruptcy is built in to their business plan. Sorry, It is their business plan.
But not to worry because most tradies diversify in to drug dealing.
Surprise surprise
Bailed out of construction 2010. Best thing I ever did for myself. Safety and corporate politics gone mad.
This is just the beginning. Lots of builders will see the opportunity to run off with peoples money and get rich quickly.
When I was working for Kaefer in 2020 , we were full time employees on a top tier construction job and they were still claiming job keeper for us being employed
Liked this video as soon as you pointed out that we don't have capitalism. I wish more people read their econ and understood that, because pretty soon the problem is going to be presented to us as the solution… I can feel it coming a mile off.
(And you're spot on about how they wouldn't be allowed to build a kit home. A few years ago I had some angry boomer tell me how spoiled my generation are because back in his day his parents built a home out of scrap timber they found and then over time built it up into a family home. I can't remember exactly what I said to him but it was something like "And I bet you'd be the first one to run crying to council about me lowering your land value.")
Whenever government interferes with a genuine market they destroy it. Welcome to communism. With the framing up I would suggest to the owners just pay a roofer yourself to get the slab and frame covered especially with the southern winter.
"It boils right down to the ability to print unlimited"money"…
beautiful amazing !! raise those rates asap. I want mortgage rates at 15% at least
It is almost as if Keynesian economics and MMT don't work!
Surely not
Every Indian I know got a government grant, this country is truly a fools paradise.
My dad in the construction game only accepts moms and dad clients never deal with corporations companies subsidiaries etc etc just work with clients mainly the public that can actually pay
Agree with every word you said & great article thank you
Let me guess 🙄Snowdon
Builders worked in lockdowns tho various other supply chain result of DAN ANDREWS lockdowns
"Best Build" ought to have been an indication of a badly named and badly performing company.
Hi Heise, can you do a story on a sunset close use to get me out of a contract of land in Manuka views development in Logan village please?
The developer and his agent promised the land will be ready by July 2021 but then it's now October 2022. Understandably they are using the adverse climate conditions as an excuse but when it was good as well it was all excuses. I know lots of Sydney Siders bought in Qld will be hitting this issue soon. It will be a hot topic in the coming months.
They can't de-scope, because that will probably hit the already stretched LTV.
Heiser the Despiser.. Who are you kidding? Like, building companies are some kind of essential service.. and the model of business propriety? And only lefties are responsible for all the debt driven property and stock market speculation of the last 30 years.. not to mention the neo-colonial exploitation of the third world by corporations on behalf of their executives and shareholders in the name of globalization?
That was actually enabled by local political elites from the extreme left to the extreme right.. plus a non-sustainable level of printing money out of thin air in the name of economic stimulus, whenever debt overloaded financial systems froze for one reason or another. And most of that stimulus ended up going to the rich, one way or another.
Get real, man. It's greed stacked upon greed that's brought on the current economic crisis.. not some ideological whipping post that doesn't bear real scrutiny, and people like you keep trotting out as a target for your poorly understood resentment of the fact that the party is over..
The collapse of the entire economy has to start somewhere.
The economy is supposed to be in good condition enough though we need a 75 billion deficit. How would the economy go if we balanced the budget 🤔
Snowdon hasn’t paid it’s trades for months – they have ran out of trades to do work
Their sites are static and have been for months
They’re already broke – they’re just trying to get money in and run
Another phoenix company rises …
what flavour is the steiner coffee please?
Hundreds more going to meet the same fate.
Sorry to say but is the TRUTH .
GOVT and RBA has screwed everything.
.
Holy smokes
Have a look at their google reviews all one star.
I've built one house and almost finished my second. I would never buy a house and land package they are BS!! Both times I bought land and then went and found a builder I liked to build on my land.
government has a lot to do with this
Let it burn, fuck the world.
685K divided by 500 is 1370 homes, considering the amount of people that signed up to build homes, 1370 homes doesn’t seem that far out of reach
Send all complaints to Dan Andrews and the labour state government courtesy lockdowns and handouts for a little sniffle.
ngl I like seeing foreigners go broke and have to go back home
Metricon are still advertising for house builds. The nerve. Thats why its good to have your builders license. Build your own home. Simple.
I went to display homes near sunbury. One company told me they could build a house for 330 000 which didn't include any land works. It was quite a large elaborate house. I told them stop lying. I went next door & the house was similiar. The next company told me they could build it for 440 000. I said thank you for not lying. They told me the industry plays games using low ball quotes get you in. A lot of this industry is low margin businesses where deception is rampant. You are much better buying an existing house
Another poor bugger who could not afford a house in the first place. Another great job by governments who put housing prices over people…
Bs… builder owes roofing company $900,000+…… what seems odd about that …..
Mr Mittal is building on the tightest of budgets.
If Klaus Schwab has his way no one will own a home and we will be happy.
Better off going broke at home.
Hise is a disaster! What do you expect in country that last generations was full of prisoners? This problem is everywhere from Insurance sectors, car dealers, and any other business here in Australia is just a shit!
Will the government bail out the client's?
If you are struggling pay to finish the house off, just get the roof on, bricks up and to ‘lock up’ stage, to protect what has been competed. Then just save up to get the inside fitted out, or if you can get the absolute basics finished such as a toilet, shower, kitchen sink installed and move in. Get the cabinetry done progressively, paint yourself, eventually you will finish.
Let is crash. Could you imagine how it would be if government did not intervene?
SSDD
use an adblocker on your browser!
They can all go broke, as they can’t even build a home that won’t leak. They deserve what they dish out F them.